Jollyes said it has completed a record-breaking financial year and now intends to accelerate growth as it brings its offer to more communities across the UK.
Sales in FY23 broke through the £100 million threshold, rising 33% from £87m in FY22 to £115.5m in the year to May 29, 2023.
Like-for-like sales grew 17% over the full year, over double the market which grew at 8%, Jollyes said.
Like-for-like sales increase 60% and Jollyes said this came from transaction growth not inflation, which the retailer said is an indication of how it has protected customers from rising prices.
The increase in turnover continues through a mix of higher sales at existing stores, new openings and acquisitions, and rising digital demand for home delivery and click and collect services.
Jollyes now trades from 90 stores across the UK and the retailer opened 13 new locations in the financial year.
It has also confirmed that it has secured a new £3m facility from HSBC that will allow it to open at least 10 additional stores in the balance of calendar 2023.
Store openings already agreed for the coming months include Belfast Boucher Road (July), Swindon (July), Merthyr Tydfil (August), Harrogate (September) and Swadlincote (November).
Subject to successful lease negotiations, it also has plans to open at least five additional new stores this calendar year in central Scotland, Northern Ireland, Berkshire, Kent and Somerset, putting Jollyes on course to reach its 100-store target ahead of schedule.
Over the financial year Jollyes has added more than 160 staff across the UK, employing its 1,000th colleague in April at its new Christchurch store and ending the year with 1,021 on the Jollyes team.
The retailer also announced that 45 staff passed their SQP exams, through Vetpol, in the second half of FY23. Jollyes now has 131 SQPs.
Jollyes chief executive officer Joe Wykes said: “The value we provide, the local service we offer and the ranges we’ve developed are proving to be a powerful combination in the growing number of communities we serve.
“Fundamental to our continued outperformance of the market has been the deep pet expertise of our own people.I’d like to thank the whole team – colleagues old and new – for their efforts over the last 12 months, nut like them, I’m excited about what more we can achieve in the years ahead.”
Mr Wykes continued: “Today, fewer than one in five potential customers lives within five miles of one of our stores.
“With the right team, the right backing and the right ambition, we have a tremendous opportunity ahead of us to bring the value and service that’s already making an impact, to significantly more UK communities.”
